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Watch for Shares of Bristol-Myer Sqb (BMY) to Approach Support at $46.68

By David Diaz

Shares of Bristol-Myer Sqb (NYSE:BMY) opened today below their pivot of $47.34 and have already reached the first level of support at $46.90. Analysts will be watching for a cross of the next downside pivot targets of $46.68 and $46.02.

There is potential upside of 25.1% for shares of Bristol-Myer Sqb based on a current price of $46.81 and an average consensus analyst price target of $58.56. The stock should find initial resistance at its 50-day moving average (MA) of $47.45 and further resistance at its 200-day MA of $52.79.

In the past 52 weeks, Bristol-Myer Sqb share prices have been bracketed by a low of $44.30 and a high of $63.69 and are now at $46.81, 6% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.4%.

SmarTrend is tracking the current trend status for Bristol-Myer Sqb and will alert subscribers who have BMY in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts bristol-myer sqb

Ticker(s): BMY